There are specific things you need to look for when choosing a builder for your commercial project, and the lowest bid is not one of them. In fact, if you receive an unreasonably low bid you may think twice about hiring that builder.
A good rule of thumb is to get at least three bids for your project and generally they will all be about the same. Therefore, you have to move on to other factors the quality of the materials they use, the quality of the work they do, and do a thorough check on the company and try to talk with a few of their previous customers.
You will also want to know how much and which type of work will be subcontracted to other specialists such as, plumber, electricians, and roofers. Many companies use subcontractors and that’s fine, you only run into a problem when or if the subcontractor they hired is too busy with other work or the team manager does not know how to manage and coordinate their services. This will put your project behind schedule.
In addition, once you hire a contractor, get the guarantees in writing – when the project will be completed by, the type of materials that will be used, if any repairs become necessary after the job is completed etc.
It also does not hurt to check into their company for things like do they have a stable business, have they ever gone bankrupt, are they or have they ever been sued.
Questions to Ask Potential Builders Before You Hire Them
How many jobs are they currently doing? This will give you an idea of how long your job may be delayed.
Are they a licensed builder? You don’t want to hire a company that is not licensed.
Do they have any current or past disputes ongoing with the building commission? This will give you a good idea about the builder’s reliability, quality of their work, and professionalism.
Do they have insurance and what type ? You want to make sure you’re protected if anything is damaged in the building process or after.
Do they have a surety bond? If they do not, do not hire them, if you do you could be out thousands of dollars.
Hiring a builder for your commercial project must be taken seriously and all avenues must be explored before signing the contract.